Guangzhou Yuexiu Capital to redeem bonds, waives interest rate adjustment

Guangzhou Yuexiu Capital Holdings Group Co., Ltd. has decided to exercise its issuer’s redemption option for its "22 Yuekong 04" bonds, leading to a full redemption of the outstanding amount. Concurrently, the company will waive its right to adjust the coupon rate for these bonds. This decision was made based on the company's current situation and prevailing market conditions.

According to the bond prospectus, the third interest-accrual year payment date for "22 Yuekong 04" is October 24, 2025. On this date, Guangzhou Yuexiu Capital had the option to either adjust the coupon rate or redeem the bonds. By choosing full redemption, the company will redeem all registered "22 Yuekong 04" bonds on the redemption registration date.

The "22 Yuekong 04" bonds carry an issuer's redemption option, allowing the company to redeem all or part of the outstanding bonds at the end of the third year of their existence. The issuer also had an option to adjust the coupon rate for subsequent interest-accrual periods. The company's decision to forgo the interest rate adjustment means the current coupon rate will remain unchanged until the next potential adjustment.